Question
An article was sold after offering 40% discount on its
marked price such that the seller incurred a 20% loss. Find the ratio of cost price to the marked price for the seller.Solution
Let the marked price of the article be Rs. ‘100x’ Then, selling price of the article = 0.60 × (100x)
= Rs. 60x Cost price of the article = 60x × (100/80)
= Rs. 75x Required ratio = 75x : 100x = 3 : 4
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